Question to the HM Treasury:
To ask the Chancellor of the Exchequer, when the pension remediation work under the Public Service Pensions and Judicial Offices Act 2022 will be completed.
The McCloud remedy under the Public Service Pensions and Judicial Offices Act 2022 took effect from October 2023 and will deliver a full remedy to all affected public service pension scheme members. As part of this, all affected members are receiving a remediable service statement setting out the details of their pension entitlements. Pensioner members can make their remedy choice on receipt of this statement, while active and deferred members will make their choice at the point at which they retire. Schemes are currently working hard to ensure the remedy is delivered to all affected members as quickly as possible.